FERRARI NV (RACE) Technical Analysis
NYSE:RACE • NL0011585146
Current stock price
RACE Technical Rating and Analysis
Taking everything into account, RACE scores 4 out of 10 in our technical rating. Recently some decent action could be observed, but in the medium term time frame this is still negative. RACE was also a bad performer in the overall market in the last year.
- When comparing the yearly performance of all stocks, RACE is a bad performer in the overall market: 77% of all stocks are doing better.
- RACE is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
- In the last month RACE has a been trading in the 316.47 - 379.65 range, which is quite wide. It is currently trading near the high of this range.
- The long term trend is still negative, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
- RACE is an average performer in the Automobiles industry, it outperforms 64% of 35 stocks in the same industry.
RACE Weekly and Daily overview Charts
RACE Setup Rating and Analysis
RACE has an average technical rating and it also does not offer a high quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
RACE Support and Resistance Analysis
331.21
We found 2 important support areas.
- A support zone ranging from 350.41 to 356.25. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @334.56 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 378.72 to 379.93. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 391.22 to 393.84. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @503.84 from a horizontal line in the weekly time frame.
RACE Technical Indicator Signal Analysis
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | DOWN | NEGATIVE | The long term trend for RACE is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for RACE is up. |
| ChartMill Relative Strength | 23.44 | NEGATIVE | RACE has a low relative strength, it was outperformed by 76.56% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of RACE is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of RACE is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of RACE is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 68.46 | NEUTRAL | The RSI value for RACE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 4.3 | POSITIVE | The MACD value suggests RACE has a positive trend. |
| Stochastics (14,3) | 86.66 | OVERBOUGHT | The high Stochastics value suggests RACE may be overbought. |
| Average True Range in percent/ATR (20) | 2.77 | MEDIUM VOLATILITY | The ATR as a percentage value for RACE suggests some volalility. |
| Average Directional Index/ADX (14) | 16.25 | NEGATIVE | The low ADX value for RACE suggests a weak or negative trend. |
RACE Chart- and CandleStick Pattern Analysis
RACE Technicals: Chart, Performance Metrics, Trend & Indicators
372.84
-0.01 (0%)
FERRARI NV / RACE TA FAQ
Can you provide the ChartMill technical rating for FERRARI NV?
ChartMill assigns a technical rating of 4 / 10 to RACE.
Can you provide the trend direction for FERRARI NV?
The current trend direction for FERRARI NV (RACE) is Bearish.
What is the RSI signal for RACE stock?
FERRARI NV (RACE) has an RSI value of 68.4604. This indicates that the stock is currently neutral.
Can you provide the MACD signal for FERRARI NV?
The MACD indicator for FERRARI NV (RACE) has a value of 4.29592, indicating a bullish trend.
What is the support and resistance level for RACE stock?
FERRARI NV (RACE) has a support level at 356.25 and a resistance level at 378.72. Check the full technical report for our detailed analysis of RACE support and resistance levels.